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1.A 40-year-old man in the U.S. has a 0.246% risk of dying during the next year . An insurance company charges $260 per year for
1.A 40-year-old man in the U.S. has a 0.246% risk of dying during the next year . An insurance company charges $260 per year for a life-insurance policy that pays a $100,000 death benefit. What is the expected value for the person buying the insurance? Round your answer to the nearest dollar. Expected Value: S for the year 2.The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $3. There is 1 winning ticket out of the 160 tickets sold. The winner gets a prize worth $68. Round your answers to the nearest cent. What is the expected value (to you) of one raffle ticket? $
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